On Demand Paperless Solutions for
Equipment Finance and Leasing


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To meet the growing demand for electronic alternatives to paper-based processes in equipment leasing and financing, eOriginal offers a web-based solution that integrates eContracts into your existing business processes which includes eOriginal eCore® On Demand (EOD) technology.

The EOD solution allows companies to quickly and easily implement electronic signatures and electronic vaulting capabilities for their lease and finance documents providing legal compliance, auditing and ownership management to enable straight-thru paperless processing.  And best of all, it requires no IT involvement to go live.

EOD addresses legal compliance and investor market requirements for eSignatures and “electronic chattel paper” (eContract) management while delivering real benefits such as reduced operating costs, fewer errors and faster processing time.

The on demand delivery model eliminates many hurdles to eContracting implementation, and is already proven in high-volume production today.

Everyone, including your back-office, benefits from a simplified presentation and internet workflow providing a faster, more convenient method of signing documents by multiple parties in multiple locations, with far fewer errors such as missed signatures or lost documents.

Customers and users do not have to worry about cumbersome or lengthy software installations since the solution is web based. Transaction turnaround time is reduced, and the highly secure environment minimizes risk while automatically ensuring compliance with state and federal regulations.

The EOD Vault and signing service provide a complete audit trail and document history of the document.

Contract administrators now needn’t worry about long turn-around times from gathering contract signatures, lost documents or pages, missing signatures and other errors, as the EOD solution has built-in error checking and verification.

Is it legal?
The Company’s extensive legal and technology expertise in security standards, electronic negotiable instruments, and legal compliance as applied in production environments, provides customers with a predictable, scaleable framework for offering secure electronic signatures and the creation and management of legally binding digital source documents.

  • eOriginal participated in the drafting and standards support for the American Financial Services Association (AFSA) American National Standards Institute (ANSI) “X-9” committees establishing the standard for eContracts and chairing of the ASFA ANSI X.9 Transfer of Location of Electronic Contracts (TOLEC) standard committee, and the Mortgage Industry Standards Maintenance Organization (MISMO), including the eVault standards committees, and other organizations. 

  • eOriginal provides the only licensable e-commerce solution in high volume production today that fully complies with all six Transferable Record criteria of the federal Electronic Signatures in Global and National Commerce Act (ESIGN), the Uniform Electronic Transactions Act (UETA), and for the state Uniform Commercial Code (UCC) Revised Article 9-105. eOriginal participated in the formation and drafting of each of these laws.

  • eOriginal has enabled the fully electronic presentation, signing, vaulting, management and transfer of ownership for more than 500,000 finance transactions, without error, totaling over $10 Billion, including the securitization of $.6 Billion automotive negotiable instruments into secondary markets.

  • eOriginal technology integrates standard public key cryptography, electronic signatures, and document and transaction management.  The technology enables secure electronic execution and long-term administration of transferable records such as retail sales contracts and mortgages. 

  • eOriginal products ensure the authenticity of Electronic Original documents, the identity of the signatories, the integrity of the content and enable the secondary market legal opinion eContract compliance certifications required by rating agencies such as Standard and Poor’s.

  • eOriginal is the only technology provider for eContracts securitized in the secondary markets. Only eOriginal technology is currently accepted by rating agencies in the automotive and lease industries for the fulfillment of Authoritative Copy statutory requirements. eOriginal also delivers the certifications for the legal opinions required by secondary offering issuers.

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The Paperless Process

Information for:

Business managers

IT/operations managers

Legal departments

 

 
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